For immediate release

The Federal Reserve Board today announced the release of Consejos para arrendar un vehículo - Guía del consumidor, a Spanish-language version of the popular Keys to Vehicle Leasing - A Consumer Guide. Since 1997, nearly 750,000 copies of the English version of this brochure have been distributed. The brochure provides consumers with an overview of the most common type of vehicle lease used by the automotive industry, a closed-end lease. It provides four key messages for consumers: Leasing is different from buying (Arrendar un vehículo es distinto a comprarlo) Consider beginning, middle, and end-of-lease costs (Considere los costos al inicio, durante y al final del contrato de arrendamiento) Compare different lease offers and negotiate terms (Puede comparar distintas ofertas de arrendamiento y negociar algunas de las condiciones) Know your rights and responsibilities (Conozca sus derechos y responsabilidades) A sample consumer leasing form (muestra del formulario de arrendamiento para el consumidor) is included in the brochure so consumers can become more familiar with the document. Copies of both the English and Spanish versions of the brochure are available by contacting the Federal Reserve Board's Publications Services, Mail Stop 127, Washington, DC 20551 (202-452-3245). The first 100 copies are free of charge. Additional information on leasing is available on the Board's public website at http://www.federalreserve.gov/pubs/leasing.

1999 Other announcements